EX-10.1
from 8-K
3 pages
Lender: Hal Mintz (The “Lender”) or Any of His Affiliates or Subsidiaries Designated by the Lender. Purpose: The Proceeds of the Loan Shall Be Used by the Borrower for General Working Capital Purposes. Loan Agreement: The Loan Shall Be Further Evidenced by a Loan Agreement and Certain Other Loan Documents Required by the Lender (The “Loan Documents”). the Parties Agree to Enter Into the Loan Documents as Soon as Practicable, but Advances to Borrower May Still Be Requested Prior to Execution of the Loan Documents. the Loan Agreement Shall, in Addition to the Covenants, Representations and Warranties Contained Herein, Contain Such Agreements, Representations, Warranties and Financial Affirmative and Negative Covenants, Defaults as May Be Customary in Transactions of This Type to Evidence and Assure Repayment and Performance of the Loan (Collectively, the “Obligations”). Loan Amount: The Loan Shall Be in the Form of a Revolving Line of Credit in an Amount Equal to $5,000,000. Term: The Loan Shall Be Repayable in Full on August 31, 2025 (The “Maturity Date”). Repayment; Interest: The Outstanding Principal of the Loan Shall Be Repayable in Full on the Maturity Date
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EX-10.2
from 8-K
2 pages
For Value Received, Healthy Choice Markets 2, LLC, a Florida Limited Liability Company (“Hcm2” and a “Borrower”) and the Vitamin Store, LLC, a Florida Limited Liability Company (“Tvs” and a “Borrower”) Jointly and Severally Promise to Pay to the Order of Professional Bank, a Florida Banking Corporation (The “Bank”), on or Before December 31, 2023 (The “Maturity Date”), One Million Four Hundred Thousand Dollars ($1,400,000), Together With Interest at the Rate Set Forth in the Credit Agreement (As Defined Below), in Sixty (60) Consecutive Monthly Installments as Follows: (I) Fifty-Nine (59) Monthly Payments of Twenty-Three Thousand Three Hundred Thirty-Three and 33/100 ($23,333.33) Dollars Plus Applicable Interest, Commencing February 5, 2019, and Continuing on the 5th Day of the Following Fifty-Eight (58) Months; and (II) One (1) Final Balloon Payment of All Outstanding Principal and Accrued and Unpaid Interest on the Maturity Date
12/34/56